Figma Inc., Class A (FIG)

Figma Inc., with the stock symbol FIG-N, is a cloud-based collaborative design platform that allows UI/UX teams to work together efficaciously. Despite reaching a market valuation of $15.3 billion, the stock has depreciated 18% year-to-date and has plummeted by 74% from its peak shortly after its IPO in the summer of 2025. Experts express concerns about its unprofitability, although it enjoys a healthy cash balance of $1.6 billion and manages low debt levels. While Adobe originally sought to acquire Figma, its public debut has led to investor skepticism, especially regarding its expensive valuation of 138 times forward earnings. Overall, the mixed sentiment regarding Figma’s financial performance, coupled with the challenges posed by AI advancements, has left experts cautious about any investment in the stock at this time.